Petrobras refinery expansion in Brazil to focus on ULSD, middle distillates

Brazilian state-led oil company Petrobras plans to invest about $9.2 billion in 2023-2027 to boost production of ultra-low sulfur diesel and middle distillates across its refineries, including the company’s first foray into renewables, company executives said Dec. 1. “About two-thirds of these investments in refining will be allocated to activities to expand production and increase quality of products, energy efficiency…